Massey Knakal Spearheads Sale of Several NYC Properties Totaling More Than $20M 567 Seventh Ave.

Massey Knakal Spearheads Sale of Several NYC Properties Totaling More Than $20M

NEW YORK—Massey Knakal has coordinated the sale of several properties throughout New York City totaling nearly $20.0 million.

These dispositions include:

  • The $9.7 million, all-cash sale of an apartment building located at 265-267 South 2nd Street, located between Havemeyer Street and Marcy Avenue in Brooklyn’s Williamsburg neighborhood. Currently fully occupied the six-story walk-up property contains approximately 22,800 sq. ft. spanning 35 units. Massey Knakal’s Mark L. Lively, vice president of sales, along with Brendan Maddigan, director of sales, handled the transaction.
  • The $7.3 million, all-cash sale of 567 Seventh Ave., a four-story net-leased commercial property situated between West 40th and West 41st Streets in Manhattan’s Fashion District/Times Square section. Containing approximately 4,149 sq. ft., the property lies in a C5-3 zone in the special Midtown District. Paul J. Massey, Jr., CEO, along with Bob Knakal, chairman, and Ryan Horvath, director of retail leasing, handled the deal.
  • The $1.8 million, all-cash sale of three contiguous, newly constructed apartment buildings located at 684-686 Willoughby Ave., situated between Thoop Avenue and Marcus Garvey Boulevard in Brooklyn’s Bedford-Stuyvesant neighborhood.
  • The $910,000, all-cash sale of a mixed-use property at 90-07 Jamaica Ave. in the Woodhaven neighborhood of Queens.
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